- Jun 15, 2018
A former Microsoft engineer received a nine-year prison sentence for $10 million dollar criminal scheme involving bitcoin and digital gift cards. 26-year-old Ukrainian citizen residing in Washington has been sentenced in the U.S. District Court in Seattle for 18 federal felonies, including six counts of money laundering and two counts of filing false tax returns.
A former Microsoft has stolen more than $10 million in crypto from his past employer in the form of “currency stored value” (CSV), including gift cards. Volodymyr Kvashuk used his fellow employees’ accounts and identities to steal and then sell the CSV, and he made it look as though his co-workers were responsible for the fraud. According to the U.S. Department of Justice (DoJ), “over the seven months of Kvashuk’s illegal activity, approximately $2.8 million in Bitcoin were transferred to his bank and investment accounts. >>>
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